CHRIS57 profile image 60

What is the wealth of an economy?

There is a lot of talk about debt, about public debt in particular. There is little said about assets, about equity. Isn´t the real wealth of an economy the difference between all accumulated public, household and corporate assets and debt? Isn´t the yearly change in wealth the difference of how much is falling apart, how much assets depreciate and how much is spent to rebuild and eventually build new?


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nakmeister says

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